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PIP-0021: clarified 5.7

Herman Schoenfeld 7 years ago
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      PIP/PIP-0021.md

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PIP/PIP-0021.md

@@ -86,7 +86,7 @@ This document comprises the general agreement between parties receiving funding
 
 
     5.6 If (Contractor PASA Quantity) + (Contractor Holding PASA Quantity) is less than (Reserve Ratio) x (Proposal Amount) then Foundation will disburse Payment as 0.5 * (Payment Amount) to (Contractor PASA) and 0.5 * (Payment Amount) to (Contractor Holding PASA).
     5.6 If (Contractor PASA Quantity) + (Contractor Holding PASA Quantity) is less than (Reserve Ratio) x (Proposal Amount) then Foundation will disburse Payment as 0.5 * (Payment Amount) to (Contractor PASA) and 0.5 * (Payment Amount) to (Contractor Holding PASA).
 
 
-    5.7 If Proposal is terminated for any reason other than successful delivery of the Works, then the balance of the Contractor Holding PASA is retained by the Foundation.
+    5.7 If Proposal is terminated for any reason other than successful delivery of the Works, then the balance of the Contractor Holding PASA is retained by the Foundation, otherwise it is sent to the Contractor.
 
 
 **NOTE:** The purpose of the above 2 rules provide the following benefits:
 **NOTE:** The purpose of the above 2 rules provide the following benefits:
 - Provide an economic incentive for Contractors to deliver high-quality Works as efficiently as possible
 - Provide an economic incentive for Contractors to deliver high-quality Works as efficiently as possible